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#BTC/USDT ANALYSIS

Bitcoin is currently trading within a rising wedge pattern and is facing resistance at the upper trendline of the wedge. If the price breaks above this resistance, the pattern will be invalidated, potentially leading to a new peak for BTC. 

However, if Bitcoin breaks below the support trendline, where the 21MA and 50MA  are providing support. Such a breakdown would likely result in a market correction.

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